$10,000 Closing Credit*
$2,188,000
6,200 SqFt
5 Beds
•5 Full Baths, 1 Partial
Listing Office: WEICHERT REALTORS
Is 07068, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 07068 was a Buyer's Market.
Key Takeaway
07068 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07068, NJ
How much do homes in 07068, NJ cost?
Median Sold Price
$778,000
$347/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$71,000(+10.0%)
Key Takeaway
Homes in 07068 have sold for 10% more than they did a year ago.
Summary: The median home sold price in 07068 was $778,000 in November 2024, up 10% from last year, and the median price per square foot was $347.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $517.5K | $575K | +11.1% |
| 3 Bedrooms | $707K | $739.5K | +4.6% |
| 4 Bedrooms | $748.5K | $830K | +10.9% |
| 5+ Bedrooms | $1.0M | $999.9K | -0.2% |
Summary: 07068 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes decreased by 0.2%.
Housing Supply in 07068, NJ
How many homes are available in 07068, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 17 | 0.0% |
Summary: The 07068 real estate market had 17 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 07068 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07068, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in 07068 in November 2024, up by 50.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% were sold over asking.
Days on Market for 07068, NJ
How long does it take to sell a home in 07068, NJ?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 07068 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in 07068; 17% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
